Oklahoma Administrative Code
Title 610 - State Regents for Higher Education
Chapter 25 - Student Financial Aid and Scholarships
Subchapter 41 - Oklahoma Future Teacher Scholarship and Employment Incentive Program ("Inspired to Teach")
Section 610:25-41-10 - Fiscal limitations of the program
Current through Vol. 41, No. 13, March 15, 2024
(a) If insufficient funds are available for scholarship and/or employment incentive payments to qualified persons during any fiscal year, the Chancellor may make reductions in the payments made to those qualifying. [70 O.S. §698.1(F)].
(b) On or before June 30 of each year, the amount of employment incentive payments for all teachers eligible to receive payments for the upcoming school year will be determined. If in any given year funds are not available for employment incentive payments at the determined amount due to a reduction in employment incentive payments as determined by the Chancellor, the amount to be disbursed to all eligible participants will be reduced uniformly. Upon distribution of this reduced amount, the obligation of the Inspired to Teach program to those eligible teachers shall be satisfied for that academic year. The foregoing is true even if no funds are available for disbursement.
